Welltower Inc (WELL) EVP Sells $317,704.14 in Stock

Welltower Inc (NYSE:WELL) EVP Mercedes Kerr sold 4,342 shares of the stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $73.17, for a total transaction of $317,704.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of WELL opened at $72.34 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.93. Welltower Inc has a one year low of $49.58 and a one year high of $74.75. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 2.88 and a beta of 0.26.

Welltower (NYSE:WELL) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.85). Welltower had a return on equity of 4.86% and a net margin of 12.99%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts predict that Welltower Inc will post 4.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 12th were issued a $0.87 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $3.48 annualized dividend and a yield of 4.81%. Welltower’s dividend payout ratio (DPR) is presently 82.66%.

Institutional investors and hedge funds have recently modified their holdings of the business. Conning Inc. purchased a new stake in Welltower in the third quarter worth about $478,000. Sheets Smith Wealth Management bought a new position in shares of Welltower during the third quarter valued at approximately $692,000. Factory Mutual Insurance Co. increased its stake in shares of Welltower by 2.3% during the third quarter. Factory Mutual Insurance Co. now owns 559,500 shares of the real estate investment trust’s stock valued at $35,987,000 after purchasing an additional 12,500 shares in the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Welltower during the third quarter valued at approximately $11,539,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Welltower during the third quarter valued at approximately $15,716,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

A number of research firms have recently weighed in on WELL. TheStreet lowered shares of Welltower from a “b” rating to a “c+” rating in a report on Thursday, October 11th. ValuEngine upgraded shares of Welltower from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Scotiabank began coverage on shares of Welltower in a report on Monday, December 10th. They set a “sector perform” rating and a $74.00 target price for the company. increased their target price on shares of Welltower to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, October 31st. Finally, SunTrust Banks increased their target price on shares of Welltower to $72.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.00.

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Welltower Company Profile

Welltower Inc (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.

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